Rockefeller Capital Management L.P. Cuts Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Rockefeller Capital Management L.P. lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,607 shares of the restaurant operator’s stock after selling 845 shares during the period. Rockefeller Capital Management L.P.’s holdings in Yum! Brands were worth $3,018,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators increased its position in shares of Yum! Brands by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after acquiring an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after acquiring an additional 76 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after acquiring an additional 78 shares in the last quarter. Diversified Trust Co increased its position in shares of Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after acquiring an additional 79 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Bank of America lowered their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Loop Capital reduced their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $138.15 on Friday. The stock has a market capitalization of $38.55 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.38 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $123.70 and a fifty-two week high of $143.20. The business has a 50-day moving average of $135.50 and a 200-day moving average of $134.51.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. Yum! Brands’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.68 annualized dividend and a yield of 1.94%. Yum! Brands’s dividend payout ratio is 50.09%.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,059 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the transaction, the chief executive officer now owns 149,385 shares of the company’s stock, valued at $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is currently owned by insiders.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.